Moody’s lauds economic growth of Pakistan under current govt

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An international financial credit rating agency Moody’s has appreciated strong growth performance, fiscal deficit reduction and improved inflation dynamic in Pakistan under the present government.

In a statement, agency said rating of Pakistan has been improved to B3 with a stable outlook.

Moody’s noted that prospects for growth have improved following Pakistan’s successful completion of its three-year Extended Fund Facility programme with the International Monetary in September 2016 and the launch of the China-Pakistan Economic Corridor project in 2015.

It further noted that the implementation of CPEC project has the potential to transform the Pakistani economy by relieving infrastructure bottlenecks, and stimulating both foreign and domestic investment.—Radio Pakistan

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